03 Jun Bonita Bay Real Estate News | June 2018
As of June 1, 2018, there are 100 active listings in MLS in Bonita Bay; 13 less than last month. There are 34 single-family homes ranging in price from $499,900 to $7,500,000. The average list price is $1,613,347 and the average days on the market is 147. The combined days on the market is 196. In the carriage, mid-rise, townhouse, and attached villa market, there are 30 active listings in Bonita Bay. Prices range from $250,000 to $649,000. The average list price is $375,603. The average of days on the market is 113. The combined days on the market is 219. In the high-rise market, there are 36 active listings in Bonita Bay ranging in price from $749,000 to $2,650,000. The average list price is $1,634,194 and the average days on the market is 215. The combined days on the market is 226.
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SUMMARY OF BONITA BAY HOME SALES
If you are considering selling your Bonita Bay home, here are some statistics that may help you decide to place your home on the market:
- Within the last 12 months, there were 85 sales with an average sales price of$383,136; these condos were on the market an average of 109 days; combined days on the market is 187.
- During the 12 months previous, there were 81 sales with an average sales price of condominiums was $382,055; these homes were on the market for 73 days; combined days on the market is 141.
- During the last 12 months, there were 33 sales with an average sales price of $1,318,265; these homes were on the market an average of 144 days; combined days on the market is 240.
- During the 12 months previous, there were 28 sales with an average sales price of $1,375,396; these homes were on the market for an average of 138 days; combined days on the market is 217.
SINGLE-FAMILY BONITA BAY HOMES
- During the last 12 months, there were 72 sales with an average sales price of $1,182,045; these homes were on the market an average of 89 days; combined days on the market is 193.
- During the 12 months previous, there were 83 sales with an average sales price of $1,114,242; these homes were on the market for an average of 97 days; combined days on the market is 194.
Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.
NEWS RELEASE: Post-Recession Buyers Look at Housing Differently
JUNE 2018 MARKET UPDATE
BONITA /ESTERO: INCREASED PENDING SALES
those properties priced at $2 million and above experiencing a down-tick in pending and closed
units. “Homeowners in the market continue to realize that a price reposition is necessary if there is no activity and the property’s interior and exterior style is more than three years old,” stated Jerry Murphy, Managing Broker, Downing-Frye Realty, Bonita Springs. “Sales of new construction homes are also affecting the days on market figure.” Pending sales in the Bonita Springs and Estero markets increased by 15 percent comparing this April with last. During that same time period, active inventory decreased by 3 percent to 1,759 properties and the median closed sales price was $295,000, a decrease of 1 percent compared to the previous year. The average Days on Market was 96 days at the end of April 2018.
FLORIDA: AFFORDABLE LISTINGS SCARCE
USA: NEED MORE NEW HOMES
An increase in housing supply is crucial to the health and sustainability of the real estate market and the economy. If supply and demand continues to become more and more out of balance, it could trigger a fast price growth said NAR Chief Economist Lawrence Yun. Ken Simonson, chief economist for Associated General Contractors of America said, “Construction saw a 30 percent drop in employment in the previous decade, the largest drop of any industry. They also began laying people off a year before the recession began and did not start hiring again until much later than other industries.” This has led to difficulty in bringing skilled laborers back to the industry. Material costs have also gone up: diesel fuel cost has risen 42 percent since 2017, lumber and plywood cost increased by 11 percent, copper and brass mill shapes have risen 10 percent.
Sources: The Bonita Springs-Estero Assoc. of REALTORS®, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS®.
Looking for a list of Golf or Dining Reciprocals? Here they are, available for download:
Bonita Bay Dining Schedule
Lunch Daily: 11:00 a.m. – 2:00 p.m.
Sunday Brunch: 10:30 a.m. – 2:00 p.m.
Tuesday – Thursday à la Carte Dinner:
5:30 p.m. – 8:00 p.m.
Friday – POETS Night
with live music 9:00-11:00 p.m.
Saturday – Thursday: 11:00 a.m. – 9:00 p.m.
Friday: 11:00 a.m. – 10:00 p.m.
(Food service until 9:00 p.m. nightly)
Daily: 11:00 a.m. – 4:00 p.m.
Monday through Friday 8:00 a.m. – 2:00 p.m.
(Food service beginning at 10:30 a.m. Daily)
BREEZEWAY BAR & CAFE
Monday – Wednesday: 11:00 a.m – 5:00 p.m.
(Food service until 2:00 p.m.)
Thursday – Sunday: 11:00 a.m – 9:00 p.m.
Live Entertainment Saturday Night
A Word from Downing-Frye Broker & General Manager Mike Hughes
We are having a pretty good month for pending sales contracts. Through yesterday, our pending sales contracts are up 17% over last May! Keep in mind that our April pending sales contracts were up 21% over the previous April.
Bonita Bay MAY Events Calendar
DINING & SOCIAL
June 15 | POETS Night – Chef’s Choice “Manhattan Connection”
Safeguarding Your House during Open Houses.
Official Bonita Bay Club Brochure
Looking for an overview of the Bonita Bay Club for yourself or to send to others? Here’s a quick look at the Bonita Bay Club’s five championship golf courses designed by two legendary architects; an 18-court tennis center; two welcoming clubhouses; Lifestyle Center with a state-of-the-art fitness center and spa; and, a world-class staff — the elements that make Bonita Bay Club South Florida’s premier country club.
Owned and governed by its members since 2010, Bonita Bay Club offers membership levels in golf and sports that suit the preferences of active Bonita Bay residents. In addition, limited golf memberships are available for the the Naples Club only. Download brochure.